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Question 26 (Mandatory) (5 points) A national real estate firm creates a housing price index (HPI) measuring the prices of housing across Canada. a) Copy

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Question 26 (Mandatory) (5 points) A national real estate firm creates a housing price index (HPI) measuring the prices of housing across Canada. a) Copy and complete the table. City Average house price Housing price index (Toronto = 100) Toronto $476 000 476 000 : 476 000 100 = 100.0 Vancouver $699 000 699 000 + 476 000 100 = Calgary $587 000 Regina $278 000 Winnipeg $282 000 Montreal $395 000 Halifax $298 000 b) Which cities have values greater than 100? What does this tell you about housing prices in these cities compared to Toronto? c) How do housing prices in Vancouver and Halifax compare to housing prices in Toronto

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